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Related Experiment Videos

The change in employee loyalty

B M McGuinness1

  • 1St. Agnes Hospital, USA.

Nursing Management
|March 13, 1998
PubMed
Summary

Employee loyalty is crucial for business success and must be actively cultivated. Modern employment strategies focus on participation, development, and flexible benefits to foster commitment.

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Area of Science:

  • Organizational Behavior
  • Human Resource Management

Background:

  • Employee loyalty significantly impacts company performance, competitiveness, and profitability.
  • The traditional employment contract is outdated, necessitating new approaches to retain employees.

Purpose of the Study:

  • To explore the evolving nature of employee loyalty in the contemporary workplace.
  • To identify key strategies for fostering and cultivating employee commitment.

Main Methods:

  • Literature review of modern employment trends.
  • Analysis of evolving employer-employee relationship dynamics.

Main Results:

  • Employee loyalty is no longer guaranteed and requires proactive management.
  • New employment models emphasize employee engagement and retention.

Conclusions:

  • Companies must adapt their strategies to cultivate loyalty.
  • Key elements of the new employment contract include participative decision-making, career development, pay-for-productivity, and flexible benefits.

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